1. Turkey Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
Marti Gayrimenkul Yatirim Ortakligi A.S.

Marti Gayrimenkul Yatirim Ortakligi A.S.

BBIST:MRGYO
1.04
TRY
-0.05
(-4.59%)
0.89EPS
1.51P/E
3.24BMarket Cap
Marti Gayrimenkul Yatirim Ortakligi A.S.
BIST:MRGYO
(Istanbul Exchange)

Recent

price

1.04

P/E

ratio

1.51

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
TRY
0.04
0.04
0.03
0.03
0.03
0.02
0.01
0.01
0.03
0.04
0.05
0.01
0.02
0.05
0.16
0.09
0.11
Revenue per Share
0.02
- -
- -
0.02
0.35
-0.22
-0.18
-0.1
-0.13
0.03
0.02
0.13
0.84
0.77
1.9
0.69
0.89
Basic EPS, GAAP
-0.07
-0.05
-0.1
- -
- -
- -
0.01
0.03
0.04
-0.01
0.21
-0.08
0.01
-0.01
-0.02
-0.44
-0.57
Free Cash Flow per Basic Share
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.24
0.23
0.3
0.33
0.69
0.56
0.48
0.49
0.5
0.61
0.84
0.88
2.06
4.38
5.03
5.66
5.66
Book Value per Share
0.22
0.21
0.3
0.33
0.69
0.56
0.48
0.49
0.5
0.61
0.84
0.88
2.06
4.38
5.03
5.66
5.66
Tangible Book Value per Share
459
599
599
599
599
599
599
599
599
599
556
1,669
1,669
1,669
940
2,398
1,851
Basic Weighted Avg Shares
19
26
21
15
18
15
5
7
18
24
26
13
34
78
148
208
208
Sales/Revenue/Turnover
37.48
0.69
-3.23
31.03
31.05
54.89
-14.95
23.55
65.31
60.32
81.75
0.1
24.52
48.81
65.09
61.21
62.84
Operating Margin (%)
2
3
3
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
2
4
7
7
Depreciation Expense
8
2
1
14
211
-133
-105
-57
-75
19
9
217
1,410
1,283
1,786
1,651
1,651
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
30.49
27.73
27.73
Effective Tax Rate (%)
39.45
7.38
5.61
90.28
1,147.08
-899.54
-2,059.78
-769.76
-430.04
78.85
33.91
1,620.17
4,097.57
1,640.59
1,203.98
793.08
793.08
Profit Margin (%)
28
2
35
8
-33
-1
15
-14
23
-251
-318
63
- -
-66
-60
483
483
Working Capital
- -
18
69
80
89
127
139
154
213
- -
25
361
456
740
862
1,021
1,021
LT Debt
144
139
181
195
405
328
282
288
294
356
492
1,462
3,447
7,304
8,388
13,585
13,585
Total Equity
5.63
0.18
-0.34
11.6
54.01
- -
- -
- -
- -
6.28
-1.52
19.26
49.19
23.02
20.79
13.13
13.13
Return on Invested Capital (%)
5.93
2.42
2.72
7.96
52.71
- -
- -
- -
- -
10.09
2.39
16.53
48.12
21.47
20.44
14.06
14.18
Return on Capital (%)
7.27
1.35
0.73
7.21
70.21
-36.25
-34.46
-20.07
-25.93
5.79
2.04
22.2
57.44
23.87
22.76
15.02
15.02
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
44
52
63
LT Borrowings
940
969
1,021
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,669
1,669
2,400
Market Capitalization
3,633
2,607
3,240

Working Capital

TRY

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
277
292
679
Cash, Cash Equivalents & STI
- -
- -
11
Accounts Receivable, Net
252
278
281
Inventories
- -
- -
- -
Total Current Liabilities
157
180
196
Payables & Accruals
- -
- -
- -
ST Debt
44
52
63
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
57.1%
104.28%
61.96%
Free Cash Flow
-646.39%
890.81%
4,819.14%
Net Income, GAAP
276.63%
595.99%
-7.58%
Sales/Revenue/Turnover
52.59%
73.33%
40.31%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
50
13
-1
78
2025
29
76
34
9
148
2026
48
114
38
8
208

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.52
0.11
0.2
0.77
2025
- -
0.69
- -
0.88
1.9
2026
0.01
- -
0.01
0.68
0.69

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Realty Income Corporation (NYSE:O)
Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. (BIST:EKGYO)
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR)
AGNC Investment Corp. (NASDAQ:AGNC)
Prologis, Inc. (NYSE:PLD)
American Tower Corporation (REIT) (NYSE:AMT)
Business
Marti Gayrimenkul Yatirim Ortakligi A.S. is a Turkey-based real estate investment trust (REIT) engaged in the investment, development, management, and leasing of hospitality, commercial, and residential real estate properties. Founded in 2008 and headquartered in Istanbul, Turkey, the company operates as part of the Marti Group under the sponsorship of its parent entity, Marti Otel Isletmeleri A.S. Marti Gayrimenkul Yatirim Ortakligi A.S. focuses on developing high-value tourism real estate, master-planned residential communities, and commercial properties across key economic and coastal regions of Turkey. The company's core products and services encompass the acquisition, ownership, and long-term operational leasing of luxury hospitality assets, including resort properties such as Marti Resort and Marti La Perla in Marmaris, Mugla, as well as Marti Myra in Kemer, Antalya; the ownership and management of premium maritime infrastructure, notably the Marti Marina and Yacht Club in Orhaniye, Mugla, providing yacht berthing, dry dock services, and retail marina facilities; the development, construction, and sale of large-scale residential and mixed-use complexes, including the Narin Park master-planned community in Cerkezkoy, Tekirdag, featuring multi-phase housing units and integrated commercial areas; and comprehensive real estate asset management services, covering project financing, zoning development, property appraisal, portfolio optimization, and commercial lease administration. In recent operational and strategic developments, Marti Gayrimenkul Yatirim Ortakligi A.S. has executed capital restructuring measures, including paid-in capital increases and debt restructuring protocols with major financial institutions to optimize leverage and strengthen balance sheet liquidity. Additionally, the company has diversified into sustainable infrastructure investments by initiating and advancing solar photovoltaic energy plant (GES) projects to provide renewable power across its real estate portfolio, while renewing long-term operating lease agreements with key hospitality partners to secure stable recurring cash flows and enhance overall portfolio yields.